[Reading] "Compound Interest" by Daeron Hardy - As long as you make a little progress every day, the rest is left to time

"No matter what you do, what you learn, what strategy or tactics you use, success is the result of compounding." - Darren Hardy

The concept of this book "The Effect of Compound Interest " is similar to that of "Atomic Habits" and "Deliberate Practice" . I have the opportunity to introduce the other two books.

• First of all, what does compound interest mean?
  It's about making big payoffs from a series of small, wise decisions.

 Wise small choices + perseverance + time = big difference

Do you believe that the little decisions you make every day will shape your destiny?

 Ask: Which of the following two options would you choose?
A) Immediately receive $3 million in cash;
B) Now gets a penny, but the value doubles every day for 31 days in a row.

The intuition of ordinary people should choose A (I am...), because the immediate happiness is relatively strong, and the future happiness is difficult to measure. "If you get $3 million at a time, you can invest it and earn more! ' This is my inner voice.

Let's analyze it rationally:

According to the following table, the pros and cons are still unclear in a short period of time, but on the 30th day, a magical thing happened, the person who chooses B will have more wealth than the person who chooses A, and the difference is even more amazing on the 31st day. That's the power of compound interest.

After comparing the monetary aspect, let's compare how "tiny habits" can have a serious impact on you.

Imagine that there are three people with a small belly, growth background, health, annual income are also the same, the starting point is exactly the same.
But now, their living habits are gradually slightly different:

 A: He maintains the status quo. Very satisfied with my life, but occasionally complain that life is the same.
B: He started to make small changes. He reads ten pages of a good book every day, listens to educational podcasts on his 30-minute commute, reduces his calorie intake by 125 calories, and walks a thousand steps every day.
C: He made a bad choice. Falling in love with cooking shows, baking all kinds of desserts every now and then, and drinking an extra glass of wine on weekends is not crazy, he really enjoys this little luck.

Five months have passed, and the three of them can't see any difference. They still maintain the same habits.
By the eighteenth month their bodies were slightly different, but by the time...

The above table only calculates the difference in body size. During this period, B has invested nearly 1,000 hours of reading and self-growth time than others. After these two examples in the book, do you now believe that every tiny decision in life will determine your future? I believe it haha

Of course, these examples are extreme, but compound interest really shouldn't be underestimated.

Let me talk about losing weight. Losing weight is something that every woman must face in her life~ Obviously, it is not a matter of eating fat all of a sudden, but we always seek to lose weight in a short time, and it is too naive to think about it now! Repeatedly going through the decision to lose weight, getting fat again, and declaring to lose weight again and again, it will never end.

If you can focus on long-term health, then think about what you can do to have a healthy body. For example, go for a walk after a meal, try to eat prototype foods, etc., change your eating habits a little, and your weight or body fat will naturally drop over time, instead of putting too much pressure on yourself at once, which is easy to cause opposite effect. In the words of the author: "No one in this world will deliberately make themselves fat, bankrupt, or divorced. These results are usually the result of a series of bad little choices. 』

Slow and steady wins the race. Compounding is a tortoise and hare race.

Believe the above case explanation, you already have a preliminary understanding of the "compound interest effect".
So how do we get started?

1.

First, get out your notebook and write down your most used excuses. For example, you are not smart enough, your family is not good...etc. Try to adjust your mentality. If you have been in negative thoughts, not only will you not want to change, but the compound interest effect will also multiply in the opposite direction. (It's scary~)

 The author's father said to him, "Whether you are smart or not, you must make up for your lack of experience, skill, intelligence, or natural ability through hard work."

2.

List a few good habits that may seem insignificant, but you can practice every day, which will bring you positive gains.

For example, if you hate reading books, how about one page a day? Still too much? What about ten lines? Setting goals is entirely up to the individual, please don't compare yourself to others and find an intensity that you don't feel comfortable with, but also less painful. (Remember that if you are too comfortable, you will not progress, but if you are too painful, it is easy to give up!)

 As Jim Long said, "The things that are easy to do are the things that are too easy to do."

3.

List your "bad" tiny habits, which seem harmless at present, but will lead to serious consequences over time, please find ways to avoid and solve them.

I surrender myself first! I used to love to drink latte coffee (or the one with two packs of sugar), if I drink it like this every day, diabetes is really not far away from me... Later, I slowly reduced the amount of sugar, starting from 1.5 packs in a timely manner Little by little, now I drink coffee without sugar at all, and I also replace milk with almond milk. This is the result of a little change. In fact, it is not as difficult as I imagined!

4.

List goals, find motivation, and start documenting your small changes! If the effect of trying to change is not good, maybe your motivation is not strong enough, or it is affected by the environment you are in, get up and leave and change!

From the moment I found out that I couldn't save any money, I started to keep an account and record my every expense. This small act really changed my life, no exaggeration! Interested friends can refer to this article of mine > Break, give up, and leave to save money! Let you save more money without realizing it!

You are responsible for the actions and inactions in your life, and for your responses to what happens around you. — Darren Hardy

Ready to experience the power of compound interest?

Please leave a message to tell me the "micro" habit you want to develop! Or want to turn yourself in to your bad habits.
Bravely declare it! Sometimes it's a help! Because you will be afraid of losing face and will bite the bullet, it will become a habit over time, and you will definitely be the biggest beneficiary. (The voice of the person who came here haha)

• Where can I buy the book The Compound Interest Effect?
  Readmoo (e-book)
  blog to come
  Rakuten Market